Ready to learn how to finance what you love doing and turn it into a high paying career?
This post will show you some top entrepreneurs of our time that also took funding options which later went on to help convert what they were really passionate about into one of the multi-million brands we know of today.
Let’s get started!
Top Business Entrepreneurs that Took a Loan to Succeed
#2: John Paul Dejoria(Cofounder or the haircare conglomerate – John Paul Mitchell Systems& founder of Tequila Maker Patrón Spirits Co.)
#3: Sam Walton (Founder of the world’s largest retail chain – Walmart)
How to Finance your Passion into a High-Paying Career
When it comes to funding what you are passionate about, your budget should never get in the way – and it’s important not to let your lack of funds to prevent you from chasing your dreams.
There’s always a solution for cash if you’re truly inspired to see your project through!
To assist with funding what you love doing, here’s a list of some creative ideas to get you started:
#1: Leveraging on Payday Loans
Yes, it’s possible to use 24 hour payday loans to fund what you are passionate about, and in turn convert it to a high-paying career.
Platforms like InstantPaydayNV offer various funding options for talented individuals who wish to convert what they love doing into a high-paying career.
#2: Party and Pitch
Don’t shy away from social gatherings and party events.
Utilize any opportunity to talk up what you are really passionate about, whether it is in a wedding reception, a small meet up or social gathering, etc.
PS: Networking makes up about 78% of startups’ success.
You could also leverage the birthday wishes funding strategy where you organize a party and ask guests to assist in funding what you are passionate about.
#3: Take your Passion Online
The internet has become one of the best places to showcase your talent. With platforms like TikTok, YouTube and Instagram, it’s so much easier to showcase what you love doing to a larger number of audience.
And the more eyes that gets to see you doing what you really love doing, the more opportunities for funding for you, and a better chance for you in converting your passion into a high paying career.
You could also start up a blog, and with much consistency, you’d be able to prove to your audience that you are really passionate about what you are doing, which in turn can drive you lots of endorsement deals.
#4: Join a Startup Incubator
This works best especially for those in the tech niche.
For example, if you’re really passionate about coding with various programming languages and want to find a way to make useful out of it, or may be improve on your career with it, a startup incubator is the best place to go!
Startup incubators won’t only provide you with funding opportunities, but very important – mentorship. This will help you channel the energy you have with what you love doing and help you channel that energy in making something really useful out of it.
You can make some research for some startup incubators to join around your locality, or you can join a fully virtual startup incubator space like the One Million by One Million initiative.
#5: Leverage on your Passive Income
You can always AirBnB a spare room in your apartment, lend out some of your equipment in order to raise-up capital to fund what you are really passionate about.
Even AirBnB themselves once sole their political cereal Obama-O’s, getting about $30,000 from it which they used to fund their rental app.
You can also leverage on your current resources to save cost in funding what you love doing.
For example: the founder of Shutterstock, “Jon Oringer” started his company with 30,000 of his own personal photos.
#6: Sell your Passion as a Service
No matter what you love doing; you can always sell it as a service. This is commonly referred to as freelancing.
You can sign up on platforms like Fiverr where you can actually sell your passion and raise up capital to fund your career.
You can also choose to license your talent, and get paid whenever someone decides to use it for themselves.
How does this work?
Alright, let’s say you really love talking, and yea, talking can be tagged a hobby!
So you can actually license your voiceover or voice recordings, and before anyone would be able to use it for their own personal project, they would have to pay you a certain sum of money.
This money can further be directed to improving your career as a voice actor, impressionist, and others.
#8: Winning a Competition
If you feel you are really good at what you love doing, why not apply for competitions that relate to your hobby?
The more wins, the more funding for you, which in turn can be used to finance your career goals.
With the rise in cost of living and decrease in wages and salaries, it’s nothing new that over 44 million Americans have developed some sort of side hustle for themselves based on their skills and hobbies.
To read more on topics like this, check out the Business category